New Delhi, October 30, 2026: Indian companies had signed green-hydrogen-equivalent offtake commitments totalling 555,610 metric tonnes per annum by October 2026, according to the Ministry of New and Renewable Energy. The ministry says 23 contracts have been signed since the National Green Hydrogen Mission was launched in 2023, with more than 70% of the contracted volume earmarked for exports.
The government’s October 29 update says companies signed 18 new offtake agreements in 2026 for more than 400,000 metric tonnes per annum of green-hydrogen-equivalent supply. These are contracted supply commitments; they should not be read as proof that the full volume is already being produced or delivered.
Investment and export demand
Fulfilling the reported agreements is expected to require investment of more than ₹90,000 crore, or about US$9.5 billion, the ministry said. The government highlighted planned supply relationships involving markets such as Japan, Germany and South Korea, including contracts for green ammonia and green methanol derived from renewable hydrogen.
The ministry’s chart divides the reported commitments into about 407,355 tonnes per annum for export markets and 148,255 tonnes for domestic use. The export share is therefore approximately 73%, with domestic commitments accounting for about 27%.
How this fits India’s 2030 target
The National Green Hydrogen Mission has a stated goal of producing at least five million metric tonnes of green hydrogen annually by 2030. The ministry says the signed offtake commitments represent about 11% of that target. Offtake agreements can help producers secure demand and support project financing, but the wider transition will also depend on project execution, renewable-power availability, infrastructure and competitive production costs.
Source
Image credit: Press Information Bureau, Government of India.
